NOT LISTED FOR SALE

218 N Mayo Ave Compton, CA 90221

Estimated Value: $1,030,000 - $1,320,932

10 Beds
4 Baths
3,788 Sq Ft
$296/Sq Ft Est. Value

Last Sold February 26, 2019

Last sale price $830,000 $219 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $7,197/month

116 Days on Market

About This Home

As of February 2019

Great Income property in a good location. No rent control. Currently all tenant occupied with good rental income.

Last Agent to Sell the Property

Delimiro Ceja

Century 21 Diamond License #02055809 Listed on: 08/26/2018

Century 21 Diamond

Last Buyer's Agent

Rosie Botero

TAMAYO & ASSOC. R.E. License #01891522

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 7,267 Sq Ft Lot
  • 1 Common Wall

Parking

  • 2 Car Garage
  • 4 Carport Spaces

Home Design

  • 3,788 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 5085
  • Assessor Parcel Number 6178013011

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $396
  • Insurance Expense $1,500
  • Water Sewer Expense $4,548
  • New Taxes Expense $10,625
  • Operating Expense $17,069
  • Gross Income $72,360
  • Net Operating Income $55,291

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 4548.00
  • Zoning: CORH*
  • Property Type: Residential Income
  • Parcel Number: 6178013011
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 219.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7267.00
  • Lot Size Acres: 0.1668

Multi Family

  • Electric Expense: 396.00
  • Gross Income: 72360.00
  • Gross Scheduled Income: 72360.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 7267.0000 Square Feet
  • Net Operating Income: 55291.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 17069.00
  • Rent Control: No
  • Total Expenses: 17069.00

Tax Info

  • New Taxes Expense: 10625.00
  • Tax Census Tract: 5416.05
  • Tax Lot: 14
  • Tax Tract Number: 5085

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 26, 2018
Sold by
Avalos Eriqueta Isabel
Bought by
Sherman Mandi
Current Estimated Value
$1,120,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$788,500
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 8, 2012
Closed on
Aug 1, 2012
Sold by
Ashley Acosta Bibi
Bought by
Avalos Enriqueta Isabel
Seller's Agent
Charles Lazar
AOA Commercial Brokerage
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$425,000
Sold Price
$400,000
Premium/Discount to List
-$25,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.00%
Original Mortgage
$392,755
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 8, 2012
Closed on
Jun 20, 2012
Sold by
Cleveland Berchelle and The James H Ashley Trust
Bought by
Ashley Acosta Bibi
Seller's Agent
Charles Lazar
AOA Commercial Brokerage
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$425,000
Sold Price
$400,000
Premium/Discount to List
-$25,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,755
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 18, 2009
Sold by
Cleveland Berchelle
Bought by
Ashley Acosta Bibi

Purchase Details

Closed on
Aug 31, 1995
Sold by
Ashley James H
Bought by
Ashley James H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sherman Mandi $830,000 Lawyers Title
Avalos Enriqueta Isabel $400,000 Lawyers Title
Ashley Acosta Bibi -- Lawyers Title
Ashley Acosta Bibi -- None Available
Ashley James H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sherman Mandi $788,500
Previous Owner Avalos Enriqueta Isabel $392,755
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/26/2019 02/26/19 Sold $830,000 -2.4% $219 / Sq Ft
02/21/2019 02/21/19 Price Changed $850,000 +2.4% $224 / Sq Ft
12/20/2018 12/20/18 Pending -- -- --
12/16/2018 12/16/18 Off Market $830,000 -- --
08/26/2018 08/26/18 For Sale $850,000 +112.5% $224 / Sq Ft
08/08/2012 08/08/12 Sold $400,000 -5.9% $106 / Sq Ft View Prior Sale
06/24/2012 06/24/12 Pending -- -- --
06/08/2012 06/08/12 For Sale $425,000 -- $112 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,920 $925,876 $256,567 $669,309
2024 $15,880 $907,723 $251,537 $656,186
2023 $15,696 $889,925 $246,605 $643,320
2022 $14,777 $872,476 $241,770 $630,706
2021 $14,924 $855,370 $237,030 $618,340
2020 $14,653 $846,600 $234,600 $612,000
2019 $8,102 $441,560 $220,780 $220,780
2018 $7,849 $432,902 $216,451 $216,451
2016 $7,436 $416,094 $208,047 $208,047
2015 $7,109 $409,844 $204,922 $204,922
2014 $6,988 $401,816 $200,908 $200,908
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    Delimiro Ceja

    Century 21 Diamond

    Section Image
  • Rosie Botero

    Buyer's Agent in 2019

    Rosie Botero

    TAMAYO & ASSOC. R.E.

    (818) 970-4083

    32 Total Sales

    Rosie Botero
    Section Image

  • C

    Seller's Agent in 2012

    Charles Lazar

    AOA Commercial Brokerage

    (818) 235-1127

    11 Total Sales

    Charles Lazar
    Section Image

  • S

    Buyer's Agent in 2012

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS18212081

California Regional Multiple Listing Service (CRMLS)

APN: 6178-013-011

California Los Angeles County Compton 90221

218 N Mayo Ave, Compton, CA

Not Listed for Sale

MultiFamily

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